Extended! The National Flood Insurance Program
Drip. Drip. Drip.
That might be the sound of Congressional re-authorizations of the National Flood Insurance Program (NFIP), which enables homeowners to purchase flood insurance in approximately 21,000 U.S. communities, including many in Virginia.
Since 2008, the NFIP has experienced ten short-term extensions and five temporary shutdowns. The program lapsed twice in 2010 alone.
The NFIP authority was extended as part of H.R. 2112, a technical bill that combined three annual spending bills with a stopgap funding measure to keep the federal government open for business.
Late on Tuesday, June 30, the Senate got it done. This just in from NAR: